1. Horizontal Development Project

2. Far West Development (FWD)
FWD is a privately held independent Oklahoma oil and gas company, Kent Phillips as President and CEO,
FWD operating team with 40 years industry experience,
Engaged in acquisition and development of high-quality low-risk oil and gas investment opportunities across the US midcontinent,
Operation areas include: Oklahoma, Texas, Louisiana and Mississippi.

3. Table of Contents Project overview. Locator map.
Prospect locations summary.
Woodford and Mississippi Stratigraphic Column.
Geological Summary-Woodford.
Geological Summary-Mississippi.
Union City Prospect Summary
Union City Activity Map
Tuttle Prospect Summary
Tuttle Activity Map
Dibble Horizontal Prospect Summary
Dibble Horizontal Activity Map
Dibble Woodford Type Log
Dibble Vertical Prospect Summary
Dibble Vertical Activity Map

4. Project Overview
Horizontal Woodford and Mississippi potential in 3 Counties in the heart of the SCOOP and STACK plays.
All 3 prospect areas have proven vertical and horizontal production in nearby sections.
Pay and structural parameters compare favorably between
ownership sections and offset producing analogy sections.
New horizontal production suggests economic oil and gas
production commonly with high initial production rates.
All 3 prospect areas under intense pressure by multiple operators to lease and develop.
4-6 wells initially planned with 8-9 wells per horizontal unit ultimately.

5. LOCATOR MAP Geologic Provinces of Oklahoma
Union City Prospect
Tuttle Prospect
Dibble Prospect

6. Prospect Location
Located in a prolific oil producing province (McClain & Grady Counties), South Central Oklahoma (SCOOP) and the CANA/STACK play area of Canadian County, Oklahoma.
Province has produced 1.4 Billion bo from the Sho-Vel-Tum Field (discovered 1905) and that combined with other Fields (Golden Trend, Dibble) has produced over 3.0 Billion bo.
The majority of this oil has been sourced from the target Woodford Shale.
Research suggests that up to 80% of the hydrocarbon generated in the Woodford Shale and other source rocks still remains to be recovered.
Dibble Prospect located in Sections 6 and 7 of Township 7 North and Range 4 West covering 1,280 acres. Also sections 17 and 20 of Township 7 North and Range 4 West covering an
additional 1280 acres.
Further FWD has sole development rights to “Proven” conventional/unconventional oil-bearing Osborne Sand and Hunton Limestone. Commercial development potential for these formations is very high.
Tuttle Prospect located in Section 12 of Township 9 North and
Range 7 West covering 640 acres.
Union City Prospect located in Section 34 of Township 12 North and Range 7 West and Section 3 of Township 11 North and Range 7 West covering 1280 acres.

7. Woodford and Mississippi Stratigraphic Column

8. Horizontal Woodford Prospect
General Petroleum Geology
Horizontal Woodford Prospect
Geology
The Woodford Shale is Devonian in age. Devonian age shales across the United States and the world have been the focus of horizontal well exploitation over the last decade. The Woodford, like most shale reservoirs is actually a heterogeneous blend of interbedded shales, siltstones, and chert beds. It has long been recognized as organic rich and considered the generative source of the hydrocarbons that have been historically produced vertically from several other formations, but was itself, generally considered an uneconomic target vertically. With the advent and steady improvement of horizontal drilling and modern day fracture stimulation techniques, this widespread source rock became an essentially vast undeveloped resource. Though the entire Woodford contains kerogen and the associated generated hydrocarbons, the upper portion of the Woodford is the most attractive target across most of the area. It has a higher silica and lower clay content which is crucial for effective fracture treatments. This section typically is a somewhat coarser-grained sediment which lends itself to having better permeability as well. It is an organic-rich deposit where the inter-dispersed kerogen has been partially converted to hyrdrocarbons as a result of exposure to heat and pressure that occurred with burial. This conversion process also creates micron scale porosity which contributes to the present day reservoir and trap. This upper interval is expansive, present, and proven as productive all three prospect areas.

9. Horizontal Mississippi Prospect
General Petroleum Geology
Horizontal Mississippi Prospect
Geology
The Mississippian formation aka Osage and Meramec is Mississippian in age. It lies just above the Woodford and is partically sourced by the Woodford and self sourced to a degree as well. The Mississippi formation from the prospect areas of southern Canadian County through Grady County grades from
Predominately and sandy, silty, and shaley limestone at it’s base to a silty, limey, and somewhat carbonaceous shale toward the top. Both the top and bottom have been targeted horizontally with success from the STACK area of Kingfisher and northern Canadian southward into our prospect areas. The Mississippi is topped with a regional unconformity and thins or “wedges out” toward the east. This helps serve as a hydrocarbon trapping mechanism so the hydrocarbons have been kept here and not migrated out. With the presence of shale at the top in our prospect area, that also served as a seal. Water production in this area is not a large problem as a result. The lower Mississippi has long been a vertical target, but with the advent and steady improvement of horizontal drilling and modern day fracture stimulation techniques, this dirty, tight, and low permeability rock became a much better target for the considerable hydrocarbons that have been left behind. Horizontal drilling has also opened up for exploitation the previously lightly targeted shaley upper Mississippi.
The Mississippi is a viable target across our project area.

10. UNION CITY PROSPECT
New, attractive horizontal Mississippi and Woodford production near or offsetting Far West’s prospect sections of 34-12N-7W and 3-11N-7W.
Similar pay and structural position over prospect sections as compared to new producers.
Both Mississippi and Woodford are viable targets and 4 wells per section are shown for each.
In Devon’s Cana province just to the west, the Woodford has been developed on 9 wells per section, so additional wells are possible here.
The Upper as well as the Lower Mississippi will likely be developed eventually here which would increase the number of Mississippi wells to 8 or more.

11. East Union City Prospect Activity
HUNT H
TO PRESENT
C- NA
IPP 332 BOPD MCFD
MSSP
MCKINNEY MH TO
C BO MMCFG
IPF 592 BOPD MCFD
OPPEL 1H-9
TO PRESENT
C - NA
IPF 348 BOPD MCFD
WDFD
PETERS 1H-11 TO
C-13.5 MBO MMCFG
WDFD IP
216 BOPD MCFD
OPPEL 1H-16-21
TO PRESENT
C - NA
IPF 430 BOPD MCFD
WDFD
OPPEL 1H-17-20
TO PRESENT
C - NA
IPF 712 BOPD MCFD
MSSP
Mississippi Producer
Woodford Producer
HZ WDFD PUD
HZ MSS PUD

12. TUTTLE PROSPECT
New, attractive horizontal Mississippi and Woodford production near Far West’s prospect section of 12-9N-7W.
New offsetting horizontals just to the east drilled. Results not available yet.
Similar pay and structural position over prospect sections as compared to new producers.
Both Mississippi and Woodford are viable targets and 4 wells per section are shown for each.
In Devon’s Cana province just to the northwest, the Woodford has been developed on 9 wells per section, so additional wells are possible here.
The Upper as well as the Lower Mississippi will likely be developed eventually here which would increase the number of Mississippi wells to 8 or more.

13. Tuttle Prospect Activity
ROCKY ROAD 1-23H TO
C – 31.3 MBO MMCFG
IPF 123 BOPD MCFD
WDFD
ROSEMARY 2H-1-36 TO
C MBO MMCFG
IPF 1123 BOPD MCFD
MSSP
ALMA LEE EZZARD 1H-29 TO
C – 36 MBO MMCFG
IPF 393 BOPD MCFD
WDFD
HARDESTY 2H-22-27 TO
C – 23.6 MBO MMCFG
IPF 225 BOPD MCFD
WDFD
CARROLL GENE 1H-7
BRAUM
TO PRESENT
C-NA
WDFD IP
401 BOPD MCFD
CARROLL GENE 1H-18
Mississippi Producer
Woodford Producer
HZ WDFD PUD
HZ MSS PUD

14. DIBBLE HORIZONTAL PROSPECT
New, attractive horizontal Woodford production near Far West’s prospect 1280 acre horizontal units of 6 and 7 of 7N-4W and 17 and 20 of 7N-4W.
New offsetting horizontals. Outstanding hydrocarbon production from close offsets.
Similar pay and structural position over prospect sections as compared to new producers.
Continental has developed the Woodford in 2 pilots in 7N 5W on 9 wells per section, so additional wells are possible here.

15. Dibble Prospect Activity
WHERRELL 1H-29X TO
C – BO MCF
WOODFORD IPF
204 BOPD MCFD
MCCORN 1H-18X TO
C BO MMCFG
WOODFORD IP
508 BOPD MCFD
CARROLL GENE 1H-7
TRIPLE RIMER XH TO
C – BO MMCFG
WOODFORD IPF
67 BOPD MCFD
CAROLE 1H-21X TO
C – BO MMCF
WOODFORD IPF
862 BOPD MCFD
CARROLL GENE 1H-18
ALLEN 1H-29X TO
C – BO + 77 MMCFG
WOODFORD IPF
477 BOPD MCFD
HARMON 1H-31XR TO
C – BO MMCFG
WOODFORD IPF
662 BOPD MCFD

16. Dibble Woodford Type Log
Valadez log-representative Woodford section in 19-7N-4W
Pay is highlighted
Pink highlight is high resistivity > 100 ohm-m
Green highlight is targeted porosity, Density porosity > 10% Neutron porosity >10% & < 25%

17. Horizontal Reserve Estimates
In place oil reserve potential is very good for the Far West Prospect. Reserves were generated by Original Oil In Place (OOIP) calculations as per Schlumberger Analysis:
Initial horizontal well and acreage is located in the Woodford Shale Oil Window of the referenced SCOOP play. Acreage is surrounded in all directions by recent commercial horizontal Woodford shale producing wells. These wells have been installed by industry leading independents Newfield Exploration Midcontinent Inc. (Newfield) and Continental Resources (Continental), who have established and published Type Curves in 2016 for Estimated Ultimate Recoveries (EUR) of 1.2 MMBOE (Million Barrel Oil Equivalent) for 2 mile laterals.
The initial well is expected to recover analogue 1.2 MMBOE Woodford Shale oil (See table below). Recoverable oil via volumetric calculation is 51 MMBO per 640 acre Section (Schlumberger Analysis Summation of Far West direct offset Valadez #1-19, November 2, 2014). Initial well is a two section lateral (10,000’) with expected 102 MMBOE OOIP (Original Oil in Place) and analogue recoverable 1.2 MMBOE. Pending initial well success, five follow up increased density horizontal wells will be installed in the Prospect spacing unit. Each are expected to recover another 1.2 MMBOE, with a Total recoverable of 7.2 MMBOE (for six wells). Investors in the Initial well will have First Right of Refusal opportunity to participate in the increased density wells.
Well #1 projected recovery of 1.2 MMBOE at $52/BO is a Gross $62,400,000. Total 6 wells recovery of 7.2 MMBOE at $52/BO is Gross $374,400,000. See Engineering Section Below.

18. Dibble Economics Woodford Shale Oil Window

19. SCOOP Woodford Oil Window
Woodford Shale Oil Window
Original Oil In Place
Recoverable Oil
Reservoir
OOIP bbl
1,280 Acres
2 sections
Calculated Recoverable bbl
102,000,000
7,200,000
Combined Gross
$52/ bbl (6 wells)
100%
35% $
$374,400,000
$131,040,000

20. Far West has 37% Working Interest (WI) in Prospect Unit
TERMS, COST and REVENUE
Far West has 37% Working Interest (WI) in Prospect Unit
Far West is Offering 35% WI to prospective Investors
Terms: Investor 100% of Working Interest (WI) Cost Through Completion.
Revenue: 90% Before Payout (BPO) and 80% After Payout (APO)
Working Interest
Drilling & Completion
LOE BPO
LOE APO
Investors
35%
31.50%
28%
Far West 2%
5.50% 9%
Total WI
37%
Costs
Acreage
IDCs
Equipment
Total
100% WI
$1,200,000
$6,745,000
$997,000
$8,942,000
35% WI
$420,000
$2,360,750
$348,950
$3,129,700
Revenue Interest (RI)
Net Revenue Interest
RI BPO
RI APO
Net Revenue
ROI
IRR
77%
24.25%
21.56%
$11,739,818
3.75:1
25%
Pay Out Months 36

23. DIBBLE VERTICAL PROSPECT
Three recent vertical completions by Far West in section 19-7N-4W.
Producing from Upper and Lower Hunton, Misener, Woodford, and Mississippi with Osborn behind pipe.
Seven development locations identified in 4 sections for these multiple horizons.

24. Dibble Prospect Vertical Activity
EVETT 1-19
11-15 THRU 1-17
C-6279 BO MCFG
IPF
MSSP 24 BOPD + 96 MCFD
WDFD-12 BOPD + 46 MCFD
HNTNU-61 BOPD MCFD
HNTNL-37 BOPD MCFD
VALADEZ 1-19
2-15 THRU 1-17
C – 9698 BO MCFG
IPF
WDFD 15 BO MCF
HNTN-40 BO MCF
CARROLL GENE 1H-7
MCCORNACK 1-19
THRU 1-17
C – 1256 BO MCFG
IP-NA
HNTN
CARROLL GENE 1H-18

25. Safe Harbor Statement and Disclaimer
This Far West Prospect includes "forward looking statements" within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Act of A statement identified by the words "expects", "projects", plans", and certain of the other foregoing statements may be deemed forward-looking statements. Although Far West believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this Far West Prospect. These include risks inherent in the drilling of natural gas and oil wells, including risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in the natural gas and oil drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations, risks with respect to natural gas and oil prices, a material decline in which could cause the Far West to delay or suspend planned drilling operations or reduce production levels, and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in natural gas and oil prices and other risk factors.